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Michael L. Price & Jen Price Acquire Industrial Asset At 2 Jonathan Drive Brockton For $1.9M

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SOLD
$1,900,000

Massachusetts

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Industrial14,000 SF
Sold 03/13/2025
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Property Image
SOLD

Michael L. Price & Jen Price Acquire Industrial Asset At 2 Jonathan Drive Brockton For $1.9M

2 Jonathan Drive

See Similar Deals
Industrial14,000 SF
Sold 03/13/2025
Contact now

Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$135
Total Square Footage:14,000 SF
Transaction Type:Sale

The property asset involved in this transaction is an industrial facility located at 2 Jonathan Drive in Brockton, MA. The sale price for the property was $1,900,000, amounting to a total of 14,000 square feet, which gives it a price per square foot of $136. The asset is fully leased to TridentCare until 2030.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,900,000
  • Address: 2 Jonathan Drive
  • Market: Brockton, MA
  • Square Footage: 14,000
  • Price per Square Foot: $136
  • Buyer: Michael L. Price & Jen Price - Legacy Real Estate Ventures
  • Broker: Henry Leiber - NAI Hunneman

This transaction was executed by Legacy Real Estate Ventures, which is looking to expand its portfolio through equity acquisitions. This acquisition strategy is focused on leveraging the strong cash flow and expansion potential of the property.

Players

Henry Leiber
1 deal$1.9M volume(617) 457-3383
BROKER

Jen Price
Legacy Real Estate Ventures, LLC
4 deals$17.6M volume
BUYER

Legacy Real Estate Ventures, LLC
BUYER

Details

SOLD
IMAGE: Michael L. Price, Jen Price & Henry Leiber DATE: 03/13/2025 ADDRESS: 2 Jonathan Drive MARKET: Brockton, MA ASSET TYPE: Industrial BUYER: Michael L. Price & Jen Price - Legacy Real Estate Ventures BROKER: Henry Leiber - NAI Hunneman (@HunnemanRE) SALE PRICE: $1,900,000 SF: 14,000 ~ PPSF: $136 NOTE: Legacy Real Estate Ventures has acquired 2 Jonathan Drive in Brockton, MA, for $1.9 million in an all-equity transaction, which is fully leased to TridentCare until 2030. This purchase aligns with Legacy's strategy of expanding its portfolio through equity acquisitions, capitalizing on the property's strong cash flow and potential for future expansion.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$101,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,006.97
Annual Debt Service$108,083.63